South African Revenue Service (SARS) commissioner Tom Moyane has refused to resign after he was asked to by President Cyril Ramaphosa. Business Day sources say Ramaphosa asked Moyane to resign on Sunday night, but Moyane said he would not do so, citing the upcoming revenue results announcement as a reason. According to the sources, Moyane intended using the results announcement to show his success as commissioner despite the tough economic climate. A R48bn hole in revenue collection is piling further pressure on Moyane, particularly as his leadership and handling of the allegations against his former second in charge, Jonas Makwakwa, comes under increased scrutiny by Parliament’s standing committee on finance. The Presidency, contacted for comment on Monday, would neither confirm nor deny that the president had had a discussion with Moyane. This comes on the cusp of an announcement by Moody’s on Friday about whether SA’s investment status would be downgraded. On Monday, SARS issued ...

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